Hebrew HealthCare Finalizes Sales of Skilled Nursing Facility
WEST HARTFORD – Wednesday, December 21, 2016 –Hebrew HealthCare (HHC), a non-profit, non stock 501 (c) (3) corporation, announced today that it has finalized the sale of its skilled nursing facility and premises at 1 Abrahms Boulevard in West Hartford to National Healthcare Associates. National Healthcare will own and operate the 257-bed skilled nursing facility located on Abrahms Boulevard in West Hartford under its new business, Hebrew Home for Health and Rehabilitation, LLC. Hebrew HealthCare will remain on the property under a 30 year initial lease agreement to operate its other service lines.
The sale will allow HHC to focus on its successful aging business lines, including its specialty hospital, medical model senior day center, geriatric physician practice, assisted living facility and services, and dementia consultation and education, all of which enhance the financial stability of the organization, and are designed to meet the needs of current and future aging adults. The sale of the skilled nursing component will provide the organization with needed financial relief and allow Hebrew HealthCare to explore and develop additional aging services. Hebrew HealthCare initially pursued a transaction with National because of its expressed interest in preserving skilled nursing services provided in the context of Jewish traditions.
Gary Jones, Interim President and CEO explains, “The sale of the skilled nursing facility positions Hebrew HealthCare to move our geriatric services away from the institutional setting, which is in line both with the State’s long term care rebalancing plans and the desires of the burgeoning Baby Boomer population, and allows us to preserve the values of our Jewish heritage and roots. Without the financial burden of the skilled nursing facility, HHC can explore and develop cutting edge services to serve the needs of our 21st century seniors”.
Jones went on to say that “Hebrew HealthCare is committed to continuing its 115 year tradition of serving the needs of the elderly in our community. We will do so by maintaining viable existing services, expanding them as appropriate, and developing new programs as we move forward. We are grateful for the support we have enjoyed from the community in the past and will strive to continue to merit its support and confidence in all that we do going forward.”
Hebrew HealthCare leadership plans a comprehensive review of all existing services and will expand both its service lines and areas as needs are identified. It has long been the organization’s practice to review, develop and reinvent itself while remaining true to its mission. “It has always been our willingness to respond to the changing needs of those we serve that has assured Hebrew HealthCare’s continued relevance and its longevity within our community,” Jones concluded.